CWA Cautions Frontier Shareholders on Verizon Transaction
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| CWA member Elisabeth Choate, fourth from right, warned shareholders about Frontier’s transaction with Verizon. |
Robert Masciola of the AFL-CIO Organizing Department describes how workers at Frontier Communications are calling attention to a deal with Verizon that workers say is bad for shareholders and workers.
Shareholders for Connecticut-based Frontier Communications and its top executives heard from an employee about how the proposed deal to acquire Verizon’s assets in West Virginia and 13 other states “may be good for Verizon, but will leave Frontier a much weaker company.”
With support from CWA Local 1298 in Connecticut and the AFL-CIO, Elisabeth Choate traveled to Stamford, Conn., to attend the Frontier special meeting where shareholders voted to approve the deal.
A movement in West Virginia and 13 other states led by CWA and the Electrical Workers (IBEW) opposes the deal—and the unions are not alone. Fran Hughes, chief deputy attorney general for West Virginia, doesn’t believe Frontier has the ability financially to live up to the commitments it has made to the West Virginia Public Service Commission.
